In 2023, medical malpractice law firms had the highest collection rate in the United States. In that year, on average, almost all bills were collected by firms specializing in medical malpractice law. The collection rate is measured as the amount that a firm collects compared to the amount invoiced.
Average collection rate of law firms in the United States from 2020 to 2023, by practice area
Practice area
2020
2021
2022
2023
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Clio. (December 18, 2023). Average collection rate of law firms in the United States from 2020 to 2023, by practice area [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/940853/legal-services-collection-rates-practice-area-united-states/
Clio. "Average collection rate of law firms in the United States from 2020 to 2023, by practice area." Chart. December 18, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/940853/legal-services-collection-rates-practice-area-united-states/
Clio. (2023). Average collection rate of law firms in the United States from 2020 to 2023, by practice area. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/940853/legal-services-collection-rates-practice-area-united-states/
Clio. "Average Collection Rate of Law Firms in The United States from 2020 to 2023, by Practice Area." Statista, Statista Inc., 18 Dec 2023, https://www.statista.com/statistics/940853/legal-services-collection-rates-practice-area-united-states/
Clio, Average collection rate of law firms in the United States from 2020 to 2023, by practice area Statista, https://www.statista.com/statistics/940853/legal-services-collection-rates-practice-area-united-states/ (last visited July 22, 2024)
Average collection rate of law firms in the United States from 2020 to 2023, by practice area [Graph], Clio, December 18, 2023. [Online]. Available: https://www.statista.com/statistics/940853/legal-services-collection-rates-practice-area-united-states/